Roger WILLE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Roger WILLE
Largest movements
- Stocks and contracts +€236,548
up €236,548 (+10.9%), from €2.2m to €2.4m
- Current investments -€113,773
down €113,773 (-5.4%), from €2.1m to €2.0m
- Cash -€99,914
down €99,914 (-69.6%), from €143,605 to €43,691
mainly Stocks and contracts (-€236,548) and Net result for the year (-€27,009)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€645,186
down €645,186 (-98.5%), from €654,887 to €9,701
- Taxes -€117,821
down €117,821 (-81.9%), from €143,780 to €25,959
- Financial income +€30,178
up €30,178 (+121%), from €24,972 to €55,150
- Financial charges +€11,673
up €11,673 (+33.5%), from €34,869 to €46,542
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,992,466 | €4,997,593 | +€5,127 | +0.1% |
| Fixed assets | 21/28 | €549,138 | €530,024 | -€19,114 | -3.5% |
| Tangible fixed assets | 22/27 | €548,888 | €529,774 | -€19,114 | -3.5% |
| Land and buildings | 22 | €541,874 | €525,760 | -€16,114 | -3.0% |
| Furniture and vehicles | 24 | €7,014 | €4,014 | -€3,000 | -42.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €4,443,328 | €4,467,569 | +€24,241 | +0.5% |
| Stocks and contracts in progress | 3 | €2,174,632 | €2,411,180 | +€236,548 | +10.9% |
| Stocks | 30/36 | €2,174,632 | €2,411,180 | +€236,548 | +10.9% |
| Amounts receivable within one year | 40/41 | €91 | €1,471 | +€1,380 | +1,516% |
| Trade receivables | 40 | €91 | €91 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,380 | +€1,380 | |
| Current investments | 50/53 | €2,125,000 | €2,011,227 | -€113,773 | -5.4% |
| Cash at bank and in hand | 54/58 | €143,605 | €43,691 | -€99,914 | -69.6% |
| Total equity and liabilities | 10/49 | €4,992,466 | €4,997,593 | +€5,127 | +0.1% |
| Equity | 10/15 | €4,249,762 | €4,222,753 | -€27,009 | -0.6% |
| Contributions | 10/11 | €62,013 | €62,013 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €13 | €13 | = | 0.0% |
| Share premium | 1100/10 | €13 | €13 | = | 0.0% |
| Reserves | 13 | €15,011 | €15,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,487 | €1,487 | = | 0.0% |
| Distributable reserves | 133 | €7,324 | €7,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,172,738 | €4,145,729 | -€27,009 | -0.6% |
| Amounts payable | 17/49 | €742,704 | €774,840 | +€32,136 | +4.3% |
| Amounts payable after more than one year | 17 | €733,498 | €766,101 | +€32,603 | +4.4% |
| Other amounts payable | 178/9 | €733,498 | €766,101 | +€32,603 | +4.4% |
| Amounts payable within one year | 42/48 | €9,206 | €8,739 | -€467 | -5.1% |
| Trade debts | 44 | €3,707 | €744 | -€2,963 | -79.9% |
| Suppliers | 440/4 | €3,707 | €744 | -€2,963 | -79.9% |
| Taxes, remuneration and social security | 45 | €5,499 | €7,995 | +€2,496 | +45.4% |
| Taxes | 450/3 | €5,499 | €7,995 | +€2,496 | +45.4% |
| Remuneration, social security and pensions | 62 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,114 | €19,114 | = | 0.0% |
| Other operating charges | 640/8 | €936 | €245 | -€691 | -73.8% |
| Gross operating margin | 9900 | €654,887 | €9,701 | -€645,186 | -98.5% |
| Operating profit (loss) | 9901 | €632,837 | -€9,658 | -€642,495 | |
| Financial income | 75/76B | €24,972 | €55,150 | +€30,178 | +121% |
| Recurring financial income | 75 | €24,972 | €55,150 | +€30,178 | +121% |
| Financial charges | 65/66B | €34,869 | €46,542 | +€11,673 | +33.5% |
| Recurring financial charges | 65 | €34,869 | €46,542 | +€11,673 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €622,940 | -€1,050 | -€623,990 | |
| Income taxes | 67/77 | €143,780 | €25,959 | -€117,821 | -81.9% |
| Profit (loss) for the period | 9904 | €479,160 | -€27,009 | -€506,169 | |
| Profit (loss) for the period to be appropriated | 9905 | €479,160 | -€27,009 | -€506,169 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.